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Profit is typically used for reinvesting in the business, paying dividends to shareholders, and covering operational expenses. It can also be allocated for debt repayment, funding new projects or innovations, and enhancing employee benefits or compensation. Ultimately, the use of profit depends on the company's strategic goals and financial health.
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What is the difference between profit and loss account and profit and loss appropiation account?
Profit and loss accont is used to calculate the profit or loss of business while profit and loss appropriation account is used to allocate or distribute net income or loss to share holders or different reserves account.
Do a profit or make a profit?
The correct phrase is "make a profit." This expression indicates the action of generating earnings that exceed expenses. "Do a profit" is not commonly used in English and sounds awkward. In business contexts, "make a profit" is the standard terminology to describe financial success.
What is stock and debtor method of accounting of inland branches?
They are used in order to make a profit. The branches will act in order to make the profit for the customers.
What is the best bookkeeping software for a not for profit business?
Peachtree is a very good bookkeeping software that can be used by not for profit businesses. It will work very nicely.
What is difference between P and L statement and income and expenditure statement?
Income and expenditure account is used by not for profit companies as they are formed for not for profit basis that's why they cannot use profit and loss account.
What preposition is used with the word PROFIT?
a profit
Which preposition should be used with the word PROFIT?
what peposition with word profit
What is Overhead and Profit?
The terms overhead and profit are used together by a business in reference to their profit and expenses. Insurance companies pay overhead and profit on property insurance claims.
What is profit margin used for?
money
What is the difference between profit and loss account and profit and loss appropiation account?
Profit and loss accont is used to calculate the profit or loss of business while profit and loss appropriation account is used to allocate or distribute net income or loss to share holders or different reserves account.
How is math used in stores?
cash register...profit...revenue cash register...profit...revenue
Is operating expense on Profit and Loss?
Operating expense is a loss, but is used in calculating overall profit.
Why is profit a required for business?
Profit is a requirement in order to help it to grow and make it financially stable. Profit is often used as a measure of efficiency of the company.
What is the term used for making money?
Profit?
Is profit a noun?
Profit is any financial benefit gained from a business activity. A sentence using the word profit would be, "If we participate in this fundraiser, our profit will be 40% of all sales.
what is and overhead?
The terms overhead and profit are used together by a business in reference to their profit and expenses. Insurance companies pay overhead and profit on property insurance claims.
What is the difference between gross profit and profit?
for this answer, I have used "ULTIMATE BOOK OF ACCOUNTANCY"Ans : Gross Profit is Total Profit earned by a business.... whereas profit means net profit,it means .. Gross Profit - Indirect expenses + indirect incomes = profit or net profitFor more detail .. please see... "ULTIMATE BOOK OF ACCOUNTANCY" published by vishvas publications....
